M&A Deal Summary |
|
|---|---|
| Date | 2017-09-29 |
| Target | Accela |
| Sector | Internet Software and Services |
| Buyer(s) |
Berkshire Partners
Francisco Partners |
| Sellers(s) |
Bregal Sagemount
ABRY Partners Landmark Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Morrison & Foerster (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 75 of 101 |
| Sector (Internet Software and Services) | 2 of 3 |
| Type (Secondary Buyout) | 12 of 21 |
| State (California) | 9 of 10 |
| Country (United States) | 67 of 89 |
| Year (2017) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-14 |
Curriculum Associates
North Billerica, Massachusetts, United States Curriculum Associates is a provider of technology-enabled assessment and instructional programs for elementary and middle school students, teachers and administrators. The company’s adaptive assessments, personalized learning materials and exceptional customer service help students achieve their full potential and make teachers more effective. Curriculum Associates was founded in 1969 and is based in North Billerica, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-03 |
Citizens of Humanity
Huntington Park, California, United States Citizens of Humanity is a designer and distributor of premium denim and other apparel. Known for their classic style, vintage look and outstanding quality, Citizens of Humanity is headquartered in Huntington Park, California. The Company's denim line, which comes in a variety of fits, colors and levels of distress, can be found at upscale specialty clothing boutiques and other high-end retail stores. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 89 of 157 |
| Sector (Internet Software and Services) | 8 of 29 |
| Type (Secondary Buyout) | 10 of 27 |
| State (California) | 25 of 37 |
| Country (United States) | 74 of 132 |
| Year (2017) | 7 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-26 |
Availity
Jacksonville, Florida, United States Availity is a revenue cycle management platform and electronic clearinghouse that connects hospitals and physicians with health plans. Availity’s solutions help healthcare professionals manage the clinical and financial data needed to fuel real-time coordination between providers, health plans, and patients in a growing value-based care environment. Availity was founded in 2001 and is based in Jacksonville, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-02 |
Dynamo Software
Watertown, Massachusetts, United States Dynamo Software is a premier provider of configurable, cloud-based investment management software for the alternative asset investment industry including fund administrators, endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, and family offices. Intuitive and highly configurable, the Dynamo platform has improved the productivity of fundraising, deal, research, investor relationship, and portfolio management teams worldwide. Dynamo Software was formed in 1998 and is based in Watertown, Massachusetts. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2012 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 37 |
| Sector (Internet Software and Services) | 1 of 6 |
| Type (Secondary Buyout) | 10 of 18 |
| State (California) | 3 of 6 |
| Country (United States) | 17 of 34 |
| Year (2017) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-07 |
NMI
Schaumburg, Illinois, United States NMI provides payments enablement technology that empowers ISOs, ISVs, VARs and payment facilitators to offer branded payment gateway services without building or maintaining their own technology. NMI enables critical payment functionality to affiliates and merchants with its white-labeled, security-focused, feature-rich, omni-channel platform. NMI was formed in 2001 and is based in Schaumburg, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
YapStone
Walnut Creek, California, United States YapStone is a provider of web and mobile payment technology solutions, offering a platform that powers electronic payments for international online and mobile marketplaces, including HomeAway and VRBO, as well as for targeted, large vertical markets, including apartment and vacation rentals, HOA communities, self-storage and non-profits. YapStone was founded in 1999 and is based in Walnut Creek, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 72 of 103 |
| Sector (Internet Software and Services) | 6 of 10 |
| Type (Secondary Buyout) | 20 of 33 |
| State (California) | 8 of 13 |
| Country (United States) | 63 of 88 |
| Year (2017) | 10 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-11 |
Datapipe
Jersey City, New Jersey, United States Datapipe provides application management, hosting, professional services and security services for mid to large-sized organizations. Datapipe was formed in 1998 and is headquartered in Jersey City, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-06 |
BTG
Morganville, New Jersey, United States BTG is a managed private cloud service provider that maintains a singular focus on supporting enterprise workloads and IT services. The company empowers its small, mid-market and enterprise customers with agile, cutting-edge technology coupled supported by a veteran team whose expertise includes cloud-based desktops and storage solutions, SaaS, IaaS, remote monitoring and end-user IT. BTG is perennially ranked as a Talkin’ Cloud Top 100 Cloud Company, has twice been honored with the Cloudys Award for the Most Innovative Cloud Provider, and is a four-time winner of Channel Partners 360 Business Value Award. BTG has also been honored as an MSPmentor 250 managed services provider. BTG was founded in 2007 and is based in Morganville, New Jersey. |
Buy | - |
| Category | Secondary Investor |
|---|---|
| Founded | 1989 |
| PE ASSETS | 15.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Landmark Partners is now a part of Ares Management Corporation.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 5 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 2 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 4 |
| Year (2017) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-17 |
Accela
San Ramon, California, United States Accela provides a platform of cloud-based productivity and civic engagement software to governments of all sizes worldwide. The Accela Civic Platform includes cost-effective solutions to manage critical enterprise functions and mobile apps to foster greater citizen engagement. From asset, land, and legislative management to licensing, finance, environmental health, and more, its software drives efficiency for more than 2,000 governments worldwide. Accela was formed in 1999 and is based in San Ramon, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-17 |
Strategic Materials
Houston, Texas, United States Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas. |
Sell | - |
